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SBA 504 - Ineligible Businesses

The following businesses are ineligible for SBA 504 Financing

  1. Non-profit businesses (for profit subsidiaries are eligible)

  2. Financial businesses primarily engaged in the business of lending, such as banks and finance companies. Pawn shops, although engaged in lending, may qualify in some circumstances.

  3. Passive businesses owned by developers and landlords that do not actively use or occupy the assets acquired or improved with the loan proceeds (except Eligible Passive Companies)

  4. Life insurance companies

  5. Businesses located in a foreign country (businesses in the U.S. owned by aliens may qualify)

  6. Pyramid sales distribution plans

  7. Businesses deriving more than one-third of gross annual revenue from legal gambling activities

  8. Businesses engaged in any illegal activity

  9. Private clubs and businesses which limit the number of memberships for reasons other than capacity

  10. Government-owned entities (except for businesses owned or controlled by a Native American tribe)

  11. Businesses principally engaged in teaching, instructing, counseling or indoctrinating religion or religious beliefs, whether in a religious or secular setting

  12. Consumer and marketing cooperatives (producer cooperatives are eligible)

  13. Loan packagers earning more than one third of their gross annual revenue from packaging SBA loans

  14. Businesses with an Associate who is incarcerated, on probation, on parole, or has been indicted for a felony or a crime of moral turpitude

  15. Businesses in which the CDC or any of its Associates owns an equity interest

  16. Businesses which present live performances of a prurient sexual nature; or derive directly or indirectly more than 5% of their gross revenue through the sale of products or services, or the presentation of any depictions or displays of a prurient sexual nature

  17. A business or applicant involved in a business which defaulted on a Federal loan or Federally assisted financing resulting in a loss to the government. A compromise agreement shall also be considered a loss

  18. Businesses primarily engaged in political or lobbying activities

  19. Speculative businesses (such as oil wildcatting).

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Summary of SBA 504 Loan info: 504 Loan

Please contact us at 1-800-414-5285 to find out how our expertise with the SBA 504 can help your business.